Mondelez International obtains $500 million revolver due July 31, 2015

By Toni Weeks

San Luis Obispo, Calif., June 11 – Mondelez International, Inc. entered into a revolving credit agreement for a $500 million senior revolving credit facility on Thursday with JPMorgan Chase Bank, NA and HSBC Bank USA, NA, according to an 8-K filing with the Securities and Exchange Commission.

The facility matures on July 31, 2015.

Borrowings bear interest at Libor plus a margin based on the company’s long-term debt ratings.

The agreement requires Mondelez to maintain a minimum shareholders’ equity of not less than $24.6 billion.

Proceeds will be used for general corporate purposes, including working capital.

Mondelez, formerly Kraft Foods Inc., is a snack company based in Deerfield, Ill.

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